24 November 2010 22:57 [Source: ICIS news]
HOUSTON (ICIS)--Styron on Wednesday proposed a 9 cent/lb ($198/tonne, €149/tonne) price increase for acrylonitrile-butadiene-styrene (ABS) for the US Gulf market amid rising feedstock costs, sources said.
The increase matched the one sought by SABIC Innovative Plastics.
Each price increase would be effective 20 December or as contracts allow.
The hikes came as import availabilty has dropped as a result of high demand in Asia, putting upward pressure on US Gulf prices.
Distributors said the increases were likely to pass through bercause of the lack of import availabilty and solid demand for ABS.
Major US producers of ABS are INEOS ABS, SABIC and Styron.
($1 = €0.75)
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